Machhapuchchhre Bank reannounces AGM on Poush 02: AGM to elect 3 public directors and approve 10.40% dividend

The 434th meeting of the board of directors of Machhapuchchhre Bank Limited (MBL) has reannounced its 22nd AGM on Poush 02, i.e. December 17.

The AGM was previously scheduled to be held on Kartik 6, 2077 at Hotel Pokhara Grande, Pardi, Pokhara. However, because the date overlapped with Dashain, Nepal's important and festive time, the AGM had to be canceled. It was canceled also because of the rising spread of coronavirus in the country.

Now, the AGM will be streamed virtually on Poush 02 from Hotel Pokhara Grande, Pardi, Pokhara, starting from 11 am. The agendas of the meeting are:

-Approval of 7.03% bonus shares and 3.37% cash dividend (including tax) proposed by The Board of Directors

-Discussion and approval of the annual report of FY 2076/77 along with the financial statements for the year.

- To elect 3 directors from the public shareholders' group.

- To give authority to BOD for mergers and acquisitions.

-Appointment of the auditor and determination of the remuneration.

The book closure date for the purpose of AGM and dividend distribution was already declared on Ashwin 22, 2077. Therefore, the shareholders maintained till Ashwin 21, 2077 are entitled to the dividend and can also attend the AGM.